Participated · Series A · Sep 2024

RD Technologies is a Hong Kong-based fintech group founded in 2020 that focuses on building compliant stablecoin infrastructure and bridging Web2 enterprises with Web3 financial systems. Its flagship project is HKDR, a 1:1 Hong Kong dollar stablecoin backed by high-quality, highly liquid assets held in segregated custody with licensed financial institutions and subject to regular independent attestation reports. The company deploys enterprise-grade infrastructure for digital currency transactions and asset tokenization while emphasising responsible, sustainable innovation and industry-wide collaboration. RD InnoTech, part of the group, was admitted to the Hong Kong Monetary Authority's stablecoin issuer sandbox in July 2024 and intends to launch HKDR subject to regulatory requirements. RD plans to accelerate regulated stablecoin infrastructure ahead of Hong Kong's new licensing regime and to explore compliant stablecoin applications in financial services. As part of those efforts it signed a strategic MOU with ZA Bank to explore reserve asset custody and potential distribution roles for its stablecoin. Financially, RD Technologies recently completed an approximately US$40 million Series A2 financing following a Series A1 round in September 2024. RD Technologies builds a compliant financial platform intended to bridge Web2 and Web3, deploying fintech to enable easier access to financial services and enhance trade efficiency. The company is developing HKDR, a 1:1 Hong Kong Dollar stablecoin with reserves held in segregated custody and regular independent attestations. In July 2024 RD InnoTech Limited, its stablecoin issuer subsidiary, was admitted to the Hong Kong Monetary Authority stablecoin issuer sandbox to test HKDR's operational plan. RD Wallet Technologies Limited, another subsidiary, holds a Hong Kong Stored Value Facility licence (SVF0016) and began operations at the end of 2023, offering multi-currency fiat accounts for businesses. RD Technologies emphasizes its ties to Web3 infrastructure partners and stakeholders to support product rollout and regulatory compliance. The company raised financing to continue building its platform and to contribute to the development of Hong Kong's Web3 ecosystem.